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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
Average fixed cost curve ________. (Choose the correct alternative)
  1. Is a straight line parallel to X-axis.
  2. Is straight line parallel to Y-axis.
  3. Falls, as more units are produced.
  4. Rises, as more units are produced.
✓

Answer

  1. Falls, as more units are produced.

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